MARK 3000- chapter 10 – Flashcards

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marketing research includes all the following EXCEPT
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creating data
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political consulantas have been using market research for decades to help their candidates understand
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who makes up the voting public and how to research them
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paul subscribed to an internet service that alerts him whenever other firms in his industry are quoted in the media. Paul is using this type of market research primarily to
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monitor his competitors
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Every month, Dr. Combahee takes her staff to lunch and asks them to share patients' comments and concerns. Dr. Combahee uses the lunches as an informal marketing research effort intended primarily to
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help her understand the needs of her customers
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Through anaylsis of sales data, Prce- Cutters retail store found that customers who bought peanut butter also tended to buy bananas. Price- cutters was engaged in
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data mining
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Walmart is know for its efficient logistical systems. Everytime consumers buy something, that purchase is recorded and sent to company headquarters, were it used to generate reorders to vendors. In addition, customers' billions of purchases are analyzed using data mining techniques to uncover
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patterns of consumers' purchasing behavior
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If a firm has demographic and purchasing info about its customers, the firm can use data mining techniques to
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build seperate marketing programs for different demographic segments
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From charitable giving to medical records to internet tracking, consumers are more anxious than ever about
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preserving their right to privacy
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When conducting a survey about choosing vacation destinimations, Hillary will need to _____ to get reluctant respondents to provide honest info.
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assure consumers that their individual responses will be kept confidential
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the marketing research process follows five steps, and researchers
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may not always go through them in the exact sequences if the situation changes or new info is discovered
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the first question a marketing researcher should ask when considering a research study is
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will the reseach be useful?
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assuming that a market research study will answer important questions and reduce uncertainty associated with the proposed porject, a major question that needs to be addressed before starting the study is:
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is top mgmt committed to the study?
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Just as marketers create value by meeting the needs and wants of consumers, market researchers create value if
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the results will be used in making mgmt decisions
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Benefit- cost analysis in market research weighs
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the benefits of answering questions against the cost of the research
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Wanda and Jim working on a research project to antcipate customer attitudes toward a proposed new product line for their company. They have worked witht the marketing manager to determine the answers that needed and have created a detailed design of the project. Their next logical step will be to
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collect data
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Academic researchers often jump at the opportunity to conduct a research study, curious to learn more and address unanswered questions for the sake of general knowledge. Business people tend to be more cautious before embarking on a marketing research study, recgonzing that research is oftehn
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expensive and time consuming
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market research begins with
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defining objectives and research needs
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the manager of a company selling baby products asks you to conduct research into the question, "is life expectancy getting longer in Kuwait?" the problem with this research objective is that
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it is irrelevant to the baby prodcuts company
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the manager of a company selling cell phones in rural U.S. markets asks you to conduct survey reserach into the question, "what percentage of people in Kansas live in communities of fewer than 10,000 people? the problem with this research objective is that
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it is already known and available from the U.S. Bureau of the Census
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after defining objectives and research needs, the next step in the marketing research process involves
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research design
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during the resrach design step of the marketing research process, reseachers identify the type of data needed and
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the type of research necessary to collect the data.
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Victor's custom auctioneeding service provides online auction selling assistance. Victor plans to conduct marketing research to determine which auction site is best for his customers. His next step is to
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identify the type of data he needs to have
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company sales invoices, census data, and trade association stats are examples of
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secondary data
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commercial research firms like ACNielsen and SymbphonyIRI Group are sources of
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syndicated data
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Jalel is the marketing manager for a moderately well- know rock band. He wants to know more about industry trends, including sales by different musical styles, online downloads, and concert attendance. Jalel will most likely use_____ to gather this type of data
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syndicated data
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Once a marketing researcher is ready to move beyond preliminary insights to specific, informed questions, the researcher is ready to conduct
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quantitative research
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a marketing research project often begins with a review of the relevant _____ data
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secondary
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Joe is reviewing secondary data his company collected about seasonal variation in consumer spending bc his is thinking about developing a new prodcut line. The advantages of using these data are that
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they can be uickly accessed ata relatively low cost
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Omar is responsible for marketing and marketing research for a mid-sized manufacturer of assemblies for the housing market. His boss has asked him to cut back expenses, especially in marketing research, "why cant u just use information off the internet? there are plenty out there." what is omar's best response to try to get his boss to change his mind?
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"Those are secondary data..."
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Marvin is looking for data to help him with a new market research study assigned to him. When reviewing existing secondary data from a past research study, Marvin should pay careful attention to
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how the secondary data were collected
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After reviewing the existing data on seasonal spending by his company's customers, Marvin decided he needed new info collected to address his research questions. Marvin will need _____ data to address the questions in his market research study
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primary
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A major advantage of primary data collection is that
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it can be tailored to meet the specific research needs
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a major disadvantage of primary data collection is
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it tkaes more time to collect than secondary data and is more costly
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Caroline needs to find info about income and age distribution in OC, Cali. The best source of secondary research of use to Caroline is likely to be
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US census data
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data collection begins
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only after completing the research degin process
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when the market research problem is not clearly defined, a research will likely engage in ____ research
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qualitative
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Recently, the numbe of students encolled in the marketing program dropped while enrollement in the psychology program increased. The chair of the marketing department will probably use______ as a first step to gain a better understanding of why encorllements are changing
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qualitative research
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Quantitative research offers a means to confirm ideas through
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surveys or experiments
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Bianca's discound home furnishing store is in a strip mall. She wants to know what other businesses in the stip mall her customers visit when they come to her store. To collect info for his objective, Biance will most likely use
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observation
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Which of the following is true about quantitative research?
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it confirms insights and provides a basis for taking a course of action
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______ confirms insights and provides a basis for taking a course of action
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Quantitative research
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When consumers are ____, observation becomes particularly useful in understanding consumers' preferences
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unable to articulate their experiences
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When consumers are unable to articulate their experiences, _____ becomes particularly useful in understanding consumers' preferences
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observation
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Using____, researchers ask questions, listen to and record resposnes, and ask additionaly questions based on initial responses
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in-depth interviews
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social media monitoring, in- depth interviews, and focus groups are all ____ research methods.
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qualitative
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Zan wants to collect considerable info about the current opinion of his 10 most important customers. Zan will probably use the _____ research method
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in-depth interview
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Which of the following research methods would be best in helping a marketer understand how people feel about a product or service on an individual, detailed level?
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in- depth interviews
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When the detailed opinions of a few industry expterts or experienced consumers are needed, _____ are oftehn the best qualititaive research method
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in- depth interviews
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Randall qants to do an online survey of college professors about the factors that influence their textbook selection. He would like to use a structed survey but is not sure what responses to include for each question. Randall could use____ to help him develop his survey
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in- depth inteviews
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Frederica manages an upscale women's clothing store. She wants more info about her customers' general feeling about upcoming fall fashions. Frederica will most likely use _____ to gather this type of data.
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focus groups
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a _____ is a small group of people brought together for an intensive discussion fo a topic.
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focus group
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in a focus group, researchers usually videotape the session to
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assess both verbal and nonverbal responses
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Tyree is concerned about a competitor's new line of outdoor bbq grills that provide most of the same features as his products. Tyree might consider using _____ to gather qualitative info from consumers about the competitor's offerings.
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focus groups
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Martin has hired a market research co to bring together a small group of soft drink consumers and get feedback on the three new advertising slogans his firm is considering. THe market research firm might conduct a _____ to provide the info Martin has requested
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focus group
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In the infamous Coke- New Coke taste test, 54% of consumers, using a blind taste test, preferred the New Coke formula to the existing formulation. This is an example of a ____ market research method
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quantitative
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Malcolm is the campaign manager for a congression candidate. He wants to know how voters across his districk feel about recent sexual harassment scandals involving politicians. Malcom will most liekly use ____ to gather data
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surveys
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Important to automobile consumers, Gary's Researchers CO. used a questionnaire containing _____ questions, with predetermined set of response options.
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structured
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Quincy had no idea how consumers would respond to a survey about attitudes toward a program opening up space travel to private citizens. He could use ____ to allow respondents to answer in their own words.
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open ended questions
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the owner of AC Flora Ford Dealership wnated to know why consumers chose his company to pruchase a car. He was fairly sure that most customers had one of three reasons- service, reputation, or location- but wanted to know which was revealed as the most frequent reason for purchasing. AC Flora will porbably use a survey with _____ quesions to address his research problem
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close- ended
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Which is NOT one of the guidelines for developing a market research questionnaire?
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sensitive questions should be asked first
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in questionnaire design, a question such as, "when was the first time you went to a dentist?" suffers from the problem of a question that
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respondents cannot easily or accurately answer
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in questionnaire design, a question like " marketing is the best part of business program, isnt it?" suffers from the problem of a question
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that leads respondents to a particular response
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In questionnaire design, a question like "do u like wendy's hamburgers and fries?" suffers from the problem of a question
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that asks two questions at once
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in questionnaire design, a question like "Do anti- lock braking systems reduce car accidents?" suffers from the problem of a question
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that respondents cannot easily or accurately answer
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Charles wants to survey recent customers about the quality of service they received at his small auto service dealership. He has customers' mailing and email. Charles will likely use an online survey primarily bc it offers
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fast responses at a lower cost
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___ research is a type of quantitative research that manipulates variables to help determine cause and effect
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experimental
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Each time you go to the grocery store and have your purchases scanned while using a loyalty or bonus reward card, you are contributing to a database that can help marketers determine all EXCEPT
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other stores where you buy similar products
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Supermarkets collect info about individual customers through their use of loyalty cards and then analyze the data to look for patterns in purchases. Example of
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data mining
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When a research team has gathered data for specific research needs is know as
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primary data
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Which best describes secondary data?
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secondary data are pieces of info....
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which types of research would be considered quantitative research?
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experimental research
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which is a systematic means of collecting info from people by using a questionnaire?
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survey
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if a marketing researcher has to collect data under severe time constraints, which type of data sources would probably be available soonest?
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syndicated data
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which is NOT one of the guidelines provided by the American Marketing Association for conducting marketing research?
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Personal info about research....
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the number of customers who discontinue their use of a service divided by the avg. number of total particpants is called
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churn
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which would NOT be considered external secondary data?
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a survey
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which type of data would be the best choice for Wendy's fast food restu. if the headquarters office wants to know how many hamburgers vs. chicken sandwhiches it has sold in the past years?
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internal secondary data
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a restaurant chain is working to improve the quality of its food and service. It recruits customers who agree to respond to customer satisfaction surveys once every three months over the next two year, it tracks its progress. What kind of data is the restaurant chain collecting?
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panel data
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Which of the following is an unstructed q?
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"what are the most important characteristics for choosing a brand of shampoo?"
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which of the following provides the info needed to confirm insights and help managers to pursue appropriate courses of action ?
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quantitative research
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if a fast food restaurant colleted photographs of its regular customers so that it could use facial software to identify visitors captured by security cameras, this would be
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biometric data
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what is neuromarketing
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the use of EEG
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McDonald;s recently introduced a favorites under 400 calorie menu as part of an attempt to reverse the perception that McDonald's sells only unhealthy food. SUppose the Mc as a follow up, collects and analyzes social media posts from FB, Twitter,... this would be an example of
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sentiment mining
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how might a book publisher use blogs in its marketing research efforts?
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as a source of reviews of its latest releases
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what is a disadvan. of online focus groups, compared to offline focus groups?
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they usually do not permit insights based on body lang.
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in what country have regulators demanded that FB stop collecting biometric data
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Germany
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Digital billboards embedded with ____ software can identify passersby and then display ads targeted to them...
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facial recognition
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Mary;s bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each week, keeping track of how many she sells. Then determines what her costs was for the cookies and determines which price... what form of research
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an experiment
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qualtrics, surveymonkey and zommerange are
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online survey software
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which is an example of an unstructed question?
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why did u buy this product?
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a focus group has ___ members
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8-12
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Nadia sttod outside the mall and asked people whcih stores they visited and if they bought anything. IF yes she asked them what product. what form of research
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in- depth interviews
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in addition to using sentiment mining to determine customer attitudes about products, some copanies also particpate in ____ by joining in online conversation with customers
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social engagment
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blogs represent valuable sources of marketing research insights, buy can challenge for firms bc
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they include positive and negative cmmentary
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Mattel wanted to determine whether a new toy would appeal to preschoolers, so it put six 4 year olds in a room with several toys and waited to see whcih ones they played with. What form
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observation
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if a company had 100 million subscribers at the end of a year, and 2 million of its subscribers left, ti would have a churn rate of
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2%
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before deciding on a new promotional campaign, jeffery's muffins looked at its customers' buying patterns over a 15 year period as determined by their use of a loyalty card. What method did Jeff's use
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data mining
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SymphonyIRI group, national purchase diary panel, ACNielsen are examples of
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sydinacted data
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Both major political parties have developed proprietary databases that contain vast info about voters, broken down by demographic and geographic info... what kind
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secondary data
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____ can be defined as raw numbers or other factual info that, has limited value
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data
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one of the disadvant. of secondary research is _____, wherease one of the disadvantages of primary research if often
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potential bias, cost
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